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The CARS Program was implemented by the Department of Trade and Industry in order to attract and encourage new car companies to produce vehicles in the Philippines [15] and stimulate demand and impose industry regulations that will restore the country's automotive industry, and make the country a regional automotive manufacturing hub, [16] and ...
In 2021, the Class II variant was updated with the HD48GT chassis. [19] Hino 300: 2018 Hino Motors: Sta. Rosa Motor Works Centro Manufacturing Hino Philippines First constructed in 2018, the Hino 300 PUV is available as a Class II with bodywork by Sta. Rosa, [20] Centro, [21] and Hino Philippines, [22] with
In the Philippines, the Xpander Cross was launched on 12 March 2020 as the replacement of Xpander GLS Sport marketed as an SUV. [30] It was also launched in Thailand on 16 March 2020. [ 31 ] The Xpander Cross was launched in Vietnam on 16 July 2020 alongside the updated Xpander, [ 32 ] the model also launched in Brunei on 9 July 2021 (facelift ...
However, the auto market came in much cooler, with prices for new vehicles rising 0.3% for the month, but only 1% year over year. The 2023 yearly figure was a big drop compared to last year’s 5. ...
If you've been waiting to buy, now could be the time. Due to supply chain issues, silicon chip shortages and demand, new cars were among the categories hardest hit by inflation in 2023. See: Biden ...
August 14, 2024 at 12:22 PM. ... Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. ... As these new car prices trend downward, values ...
In September 2024, the facelifted Carnival debuted in the Philippines with the same trim levels and engine option from the pre-facelift model, but both variants comes with a 7-seater configuration. [85] The Turbo HEV variant was later added in November 2024, as the first hybrid electric vehicle from Kia marketed in the Philippines. [86]
The new company is a joint-venture between Nissan Motor Company (51%), UMC (24.5%) and Yulon (24.5%). [2] With the establishment of the new company, UMC and NMPI (renamed Univation Motor Philippines, Inc. in October 2014, after the Nissan reorganization) will continue as assemblers for NPI.